The Manjoya Project finances the acquisition of seven shovel-ready urban plots in Oviedo, with a valuation above €33 million, a 19.9% LTV and an exit supported by a committed sale agreement.
Brands like Shein and Temu are driving the growth of e-commerce and, with it, the demand and price of logistics land.
Housing is now the main problem for Spanish society, reaching its highest level since 2008.
The project involves the purchase of three non-performing loans backed by land in Albal (Valencia), intended for the development of 200 homes.
Its purpose is to connect owners of unprofitable rural land with companies seeking land to develop a project.
The CNMC proposes streamlining land urbanization to improve housing access by simplifying bureaucracy and modernizing regulations.
The project involves granting a loan to refinance mortgage charges and fund pending procedures until the licenses for two plots in Granada are obtained.
Investing in real estate consists of buying, owning, leasing or selling land or any structure built on it for the purpose of making money.
